1. Briefing of Important News
This week, price of PrNd continued to rise while DyFe and Tb kept stable. Price from Asian Metal at this weekend presented: PrNd metal 410-415RMB/KG, DyFe alloy 1900-1920RMB/KG and Tb metal 5100-5150RMB/KG.
2. Analysis of Professional Insiders
Prices of PrNd oxide and Nd oxide was stabilized this week, the rate of increase was less than it was in previous weeks, mainly due to PrNd oxide rapid increases in early stage. For now the upstream enterprises are still bullish for after-market, and intention for supporting price is stronger. Furthermore, the listing prices presented in this week of September from North Rare Earth Group, prices of PrNd oxide, Nd oxide, PrNd and Nd metal were relatively rising than earlier stage, which boost the confidence in the market. On the next day after North Rare Earth announced its listing prices, most of the upstream enterprises increase the prices for PrNd oxide and Nd oxide.
Mid-Autumn festival holiday is approaching, downstream buying interest becomes less than earlier period, which prevents the rise of PrNd and Nd. About light rare earth, the price of PrNd oxide and Nd oxide are expected to rise gradually in the future after stabilizing for a short time, as the buying interest of downstream enterprises gradually recovers and supply becomes tight in the second half of the year. In terms of medium and heavy rare earths, the tight supply of raw materials has not been alleviated. Although some enterprises reduce the use of dysprosium oxide and use other substitutes, the prices of medium and heavy rare earths are expected to rise steadily in the future. (Shanghai Non-ferrous website)
Listing price of September from China Northern Rare Earth
Listing price on Sep 09th from China South Rare Earth
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Unit: 10,000RMB/Ton (EXW price excl. VAT)
3. Tendency Chart (refer to Asian Metal)
